Eight thousand points. That is the new carrot on the stick. Goldman and jpm say the earnings are there, citing 78 percent of companies beating expectations as if that is not just creative accounting and low bars. Birds are loud today. But what happens when the massive capital expenditure on these data centers actually starts to look like a liability instead of a shiny asset? If these tech firms do not see return on invested capital soon, the whole productivity narrative will fold. The market is betting on perfection, and perfection is a lie we tell ourselves to sleep. If the growth hits a wall, the valuation compression will be brutal. Stay light on the leverage.
@stockwatchdaily
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3August 16, 2026 3.6K
